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Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year- end inventory. Inventory Optima
Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year- end inventory. Inventory Optima cameras Inspire speakers Quantity 100 40 Unit Cost $50 60 NRV $ 80 50 Calculate the total amount to be reported for ending inventory. Inventory Quantity Lower of Cost and NRV per unit Ending Inventory $ 0 Optima camera Inspire speakers 0 $ 0
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